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RSA 204-C:77 · Subrogation and Order of Payment

Title
HOUSING AND REDEVELOPMENT
Chapter
204-C · HOUSING FINANCE AUTHORITY
Status
current
Official source linked
Yes

Official source

204-C:77 Subrogation and Order of Payment. –
Whenever the authority pays to a lender any sum in discharge of the state's liability as guarantor under this section, the authority shall be to that extent subrogated to the lender's right, title and interest in any security pledged to the loan. Amounts received by the authority to discharge the state's guarantee shall be returned to the treasury less any costs incurred in collection.
Source. 1989, 411:3, eff. July 1, 1989.

Source note

Source. 1989, 411:3, eff. July 1, 1989.

Source history

  • 1989, 411:3, eff. July 1, 1989

Related materials

Bills affecting or mentioning this RSA